UPDATE: MKM Partners Upgrades KB Home (KBH) to Buy; Valuation Reflects Risk
Tweet Send to a FriendGet Alerts KBH Hot Sheet
Price: $23.99 -0.37%
Rating Summary:
7 Buy, 15 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
7 Buy, 15 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade KBH Now!
(Updated - July 13, 2012 10:49 AM EDT)
MKM Partners upgraded KB Home (NYSE: KBH) from Neutral to Buy. PT raised from $10 to $13.
Analyst, Megan McGrath, said, "We see more risks in KBH than in many of the other names under our coverage due to recent operational issues; however, given that we expect some of these risks are behind the company and given our discounted valuation methodology (we apply a 1.3x multiple), we also believe that our valuation adequately reflects these risks. We see the biggest risk to our Buy rating as a potential equity raise from the company in the next 6-9 months."
For an analyst ratings summary and ratings history on KB Home click here. For more ratings news on KB Home click here.
Shares of KB Home closed at $10.01 yesterday, with a 52 week range of $5.02-$13.12.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
MKM Partners upgraded KB Home (NYSE: KBH) from Neutral to Buy. PT raised from $10 to $13.
Analyst, Megan McGrath, said, "We see more risks in KBH than in many of the other names under our coverage due to recent operational issues; however, given that we expect some of these risks are behind the company and given our discounted valuation methodology (we apply a 1.3x multiple), we also believe that our valuation adequately reflects these risks. We see the biggest risk to our Buy rating as a potential equity raise from the company in the next 6-9 months."
For an analyst ratings summary and ratings history on KB Home click here. For more ratings news on KB Home click here.
Shares of KB Home closed at $10.01 yesterday, with a 52 week range of $5.02-$13.12.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Goldman Sachs Upgrades Meritor (MTOR) to Buy
- Needham & Company Lifts Numbers on 3D Systems (DDD) on Offering, RDPG Deal
- Best Buy (BBY) May Show Progress on Earnings Front, UBS Remains Neutral
Create E-mail Alert Related Categories
Analyst PT Change, Upgrades
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
